157 Commercial Street, Newport, NP20 1JQ
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Prominent position
- City centre location
- Tenanted
Description
ONLINE AUCTION from 16th DECEMBER-18th DECEMBER
The property forms part of the former Topshop building and is currently occupied by a fruit and vegetable retailer on a rolling licence, producing a passing rent of £12,000 per annum.
We have been advised by the landlord that Friars Fruit have been in occupation since 2020.
Guide price equivalent to £10.85 per sq ft.
There is also potential for residential development above the retail unit, subject to obtaining the necessary planning permission.
Newport city centre is a major retail and commercial hub for South Wales, benefiting from strong footfall, established shopping streets, and major schemes such as Friars Walk. The area has experienced significant regeneration and investment in recent years, supporting continued growth across the retail, leisure, and business sectors.
Measurements
We have been advised that the total area of the premises is 7,375 sq ft. Internal floor plans and detailed measurements will be provided at a later date.
Tenure:
Advised Freehold - to be verified by solicitor
Tenancies:
The property is sold subject to a rolling tenancy at a passing rent of £12,000 per annum.
Energy Performance Certificates
EPC 1Brochures
157 Commercial Street, Newport, NP20 1JQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newport (S. Wales) Station0.2 miles
- Pye Corner Station2.0 miles
- Rogerstone Station3.1 miles
Notes
Disclaimer - Property reference 320768. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Paul Fosh Commercial, South Wales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Paul Fosh Commercial, South Wales on 01633 603812.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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